Tesla tumble over 12% and IBM soar over 11% post Dec-2023 ending quarter results declaration

Tesla tumble over 12% and IBM soar over 11% post Dec-2023 ending quarter results declaration.

Tesla posted revenue below street estimates and so Tesla stock tumble over 12% so far.

IBM posted results above street estimates.

Tesla fourth quarter highlights

Tesla Quarterly annual revenue for year ending Dec-2023 was 25,167 million USD.
Tesla Quarterly annual revenue for year ending Dec-2022 was 24,318 million USD.
Tesla Quarterly annual revenue for year ending Sep-2023 was 23,350 million USD.

Tesla Net income attributable to common stockholders (GAAP) for quarter ending Dec-2023 was 7,928 million USD.
Tesla Net income attributable to common stockholders (non-GAAP) for quarter ending Dec-2022 was 2,485 million USD.

IBM fourth quarter highlights

In the fourth quarter, IBM grew revenue in all of our segments, driven by continued adoption of our hybrid cloud and AI offerings.
Revenue of $17.4 billion, up 4 percent, up 3 percent at constant currency.
Gross Profit Margin: GAAP: 59.1 percent, up 1.4 points; Operating (Non-GAAP): 60.1 percent, up 1.4 points.